World trade growth in 2013 slower than forecast, to expand 4.5pct in 2014: WTO

World trade is expected to grow 2.5% in 2013 and 4.5% in 2014 as against earlier estimates fo 3.3% and 5% in 2013 and 2014 respectively, according to World Trade Organisation (WTO).
Import demand from developing countries is gaining but at a slower pace and hence the lower growth forecast compared to previous one made in April, WTO added. “There is a message for the WTO in this,” said WTO Director General Roberto Azevêdo. “The past two years of sluggish trade growth reinforce the need to make progress in the multilateral negotiations………………………………………Full Article: Source